LILAMA 10 JOINT STOCK COMPANY

What LILAMA 10 JOINT STOCK COMPANY does

LILAMA 10 Joint Stock Company (Công Ty Cổ Phần LILAMA 10) is a Vietnamese EPC (Engineering, Procurement, and Construction) contractor and heavy industrial manufacturer established on January 25, 1983, and headquartered at LILAMA 10 Tower, To Huu Street, Nam Tu Liem District, Hanoi. The company operates as a subsidiary of state-owned parent Vietnam Machinery Erection Corporation (LILAMA) and provides integrated services spanning steel structure fabrication, mechanical equipment manufacturing, large-scale equipment installation, and technical/engineering services for civil, industrial, transportation, and infrastructure projects. It serves as a tier-1 mechanical installer on Vietnam's strategic energy, oil and gas, cement, and irrigation projects, including Southeast Asia's largest hydropower plant (Son La, 2,400MW), the $9 billion Nghi Son Refinery, and the $8 billion+ NEOM Green Hydrogen Project.

The company's core technology platform rests on two dedicated manufacturing facilities — Hai Duong Mechanical Equipment Manufacturing Factory (12,000 tons/year) and Ha Nam Mechanical and Equipment Manufacturing Factory (10,000 tons/year) — totaling 22,000 tons/year of steel structure and equipment production capacity. These facilities produce 500 KV steel power poles, large storage tanks up to 60,000m3, industrial cranes, and (most recently) precision 20MW electrolyzer modules for green hydrogen production under partnership with Thyssenkrupp Nucera. Field installation capabilities include specialized handling of 200+ ton valve gates, 450+ ton generators, and large turbines, supported by an internationally certified welding workforce.

Revenue is generated through three streams: project-based EPC contracts (one-time, milestone-billed), equipment fabrication and module manufacturing sales, and recurring office rental income from LILAMA 10 Tower. Pricing is contract-specific and quote-based, with individual project values ranging from hundreds of billions to trillions of VND. Go-to-market is enterprise field sales — competitive bidding on government infrastructure tenders and participation in international consortiums led by JGC, Samsung C&T, Doosan, Mitsubishi, Marubeni, and others. Primary customers are state-owned utilities (Electricity of Vietnam, PetroVietnam) and international EPC contractors, with horizontal segmentation across power generation, oil and gas, cement, irrigation, and emerging renewable energy equipment verticals.

Name

LILAMA 10 JOINT STOCK COMPANY

Legal name

Công Ty Cổ Phần LILAMA 10

Website

https://lilama10.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

LILAMA 10 Joint Stock Company is a Vietnamese EPC contractor and heavy industrial manufacturer (founded 1983) specializing in steel structure fabrication, large-scale equipment installation, and mechanical assembly for power plants, refineries, and infrastructure, serving state-owned utilities and international consortiums including Thyssenkrupp Nucera.

Ownership category

akta.pro rank

Product category

Industrial EPC and Heavy Construction Services

NAICS

Architectural, Engineering, and Related Services (5413), Engineering Services (541330)

SIC

Services-Engineering Services (8711), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Industrial/Process Plant General Contracting (IMAFAAAH)

akta.pro secondary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• EPC construction services
• Steel structure fabrication
• Heavy equipment installation
• Power plant construction
• Industrial infrastructure contracting

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. EPC Contract Revenue: Engineering, Procurement, and Construction contracts for industrial infrastructure projects including hydropower plants, thermal power plants, oil refineries, cement factories, and irrigation systems. Revenue recognized over project duration with milestone-based payments.
2. Equipment Fabrication and Manufacturing: Steel structure fabrication, custom equipment manufacturing, and module assembly for domestic and international clients. Manufacturing facilities produce tanks, cranes, and industrial equipment up to 60,000m3 capacity.
3. Office Rental Income: LILAMA 10 Building provides office space for rent, generating recurring rental income.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

LILAMA 10 Joint Stock Company is a Vietnam-based EPC (Engineering, Procurement, Construction) contractor that fabricates steel structures and mechanical equipment (22,000 tons/year combined capacity), executes construction and installation of large-scale industrial infrastructure (hydropower, thermal power, oil refineries, cement plants, irrigation systems), and provides technical services including consulting, design, maintenance, and renovation. The company also rents office space through its LILAMA 10 Tower headquarters.

Product overview

LILAMA 10 JOINT STOCK COMPANY is an engineering and construction company offering integrated services across the industrial sector. The company's core portfolio consists of steel structure fabrication and equipment manufacturing (with manufacturing capacity of 22,000 tons/year across Hai Duong and Ha Nam facilities), construction and installation services for power plants, refineries, and industrial facilities, and technical services including consulting and maintenance. The company also provides office rental through LILAMA 10 Tower. The manufacturing facilities produce specialized products including 500 kV steel power poles, industrial storage tanks up to 60,000m3, and various mechanical equipment. The company operates as a subsidiary of Vietnam Machinery Erection Corporation (LILAMA) and has participated in major national projects including hydropower plants, thermal power plants, oil refineries, cement factories, and irrigation systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Structure Fabrication & Equipment Manufacturing
• Construction & Installation Services
• Technical Services
• Office Rental - LILAMA 10 Building
• 500 KV Steel Power Poles Manufacturing
• Storage Tank Manufacturing

Quantifiable outcome

• Completed Son La Hydropower 3 years ahead of National Assembly schedule
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, minor and major.

• Thyssenkrupp NuceracoreTechnology or Integration · 1 January 2022International partnership for green hydrogen projects. LILAMA 10 fabricates and assembles 20MW electrolyzer modules at Hai Duong factory for West Coast USA and NEOM Saudi Arabia projects. Thyssenkrupp Nucera provides technology and quality standards. Partnership achieved 3 million safe working hours on NEOM project.
• Power Project Management Board 2 (EVNPMB2)coreStrategic or Co-development Partner · 28 April 2021Contracting relationship for Ialy Hydropower Plant Expansion Project (360MW, VND 6,400 billion). LILAMA 10 part of consortium with Industrial Machinery and Equipment Corporation, Mechanical Research Institute, and Electromechanical Construction Corporation.
• Trung Chinh Company LimitedminorChannel Partner/ Reseller/ Distributor · 10 October 2019Consortium partner for Cai Lon-Cai Be Irrigation Project Phase 1 (VND 1,733 billion contract).
• Trung Nam 18E&C Construction Joint Stock CompanyminorChannel Partner/ Reseller/ Distributor · 10 October 2019Consortium partner for Cai Lon-Cai Be Irrigation Project.
• Vietnam Construction and Import-Export CorporationminorChannel Partner/ Reseller/ Distributor · 21 April 2018Consortium partner for various projects including Ialy Hydropower Plant expansion.
• JGC Corporation (Japan)majorTechnology or Integration · 3 November 2014Lead contractor for Nghi Son Refinery and Petrochemical Complex (9 billion USD). LILAMA and LILAMA 10 performed installation of 56,134 tons of equipment under JGC leadership. JGC is a world-leading engineering company.
• Vietnam Machinery Erection Corporation (LILAMA)coreStrategic or Co-development Partner · 25 January 1983Parent company relationship. LILAMA serves as the parent state-owned enterprise with LILAMA 10 as a subsidiary/Joint Stock Company. LILAMA assigns major projects to LILAMA 10 and they frequently form consortiums for large EPC contracts. The companies work together on international projects including NEOM Green Hydrogen and domestic power plant construction.
• Electricity of Vietnam (EVN)coreStrategic or Co-development PartnerPrimary client for power generation projects. LILAMA 10 has completed numerous hydropower and thermal power plants for EVN including Son La, Lai Chau, Hoa Binh expansion, and Ialy expansion. Multiple ongoing contracts for national key power projects.
• Mitsubishi Heavy Industries (Japan)majorChannel Partner/ Reseller/ DistributorInvestor and technology provider for Nghi Son Cement Factory. LILAMA 10 performed construction and installation work for the 2.13 million ton/year facility.
• Marubeni Corporation (Japan)majorChannel Partner/ Reseller/ DistributorGeneral contractor for Nghi Son 1 Thermal Power Plant (600MW, 22,260 billion VND). LILAMA 10 worked as subcontractor on this ODA-funded project with 85% Japanese government funding.
• Doosan Heavy Industries (South Korea)majorChannel Partner/ Reseller/ DistributorEPC general contractor for Nghi Son 2 Thermal Power Plant (1,200MW). LILAMA 10 performed 90% of mechanical and electrical installation work for the project.
• Samsung C&T (South Korea)majorChannel Partner/ Reseller/ DistributorPart of consortium with LILAMA for Nhon Trach 3&4 Power Plant (1,500MW, 1.4 billion USD). First LNG power plant in Vietnam.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hyundai Engineering & Construction: Korean construction and EPC conglomerate active in power, petrochemical, and industrial projects worldwide. Comparable as an established international EPC firm competing in Southeast Asian infrastructure tenders.
• Doosan Enerbility: Korean EPC and power equipment OEM with extensive thermal power and balance-of-plant experience globally. Prime contractor on Nghi Son 2 (1,200MW) where LILAMA 10 performed 90% of M&E installation; directly comparable in product category.
• Samsung Engineering: Korean EPC major for oil & gas, petrochemical, and power projects. Consortium partner with LILAMA on Nhon Trach 3&4 (1,500MW LNG); comparable as a non-OEM EPC contractor bidding on similar Southeast Asian industrial projects.
• JGC Corporation: Japanese engineering and EPC major for oil & gas, petrochemical, and energy projects. Lead contractor on Nghi Son Refinery ($9B) where LILAMA performed installation; comparable in addressing refinery and petrochemical EPC markets in Southeast Asia.
• Mitsubishi Heavy Industries: Japanese heavy industrial and EPC group with a power generation and cement plant business. Partner/investor with LILAMA 10 on Nghi Son Cement Factory (2.13M tons/year); comparable in providing industrial EPC services globally.
• Thyssenkrupp Industrial Solutions (tkIS): German plant engineering and construction major; technology licensor and partner with LILAMA 10 on NEOM green hydrogen. Comparable as a process-plant EPC that also serves as a technology provider for hydrogen and industrial projects.
• Técnicas Reunidas: Spanish EPC contractor focused on oil & gas, refining, and power projects internationally. Comparable as a mid-to-large international EPC peer bidding on complex industrial projects in similar emerging markets.

Direct peers

• Vinaconex (Vietnam Construction and Import-Export Corporation): Major Vietnamese state-owned construction and EPC group active in industrial, civil, and infrastructure projects. Comparable scale and ownership structure; competes with LILAMA 10 on domestic industrial and infrastructure tenders.
• PetroVietnam Technical Services Corporation (PTSC): Vietnamese state-owned EPC, fabrication, and offshore services company serving PetroVietnam's oil & gas and refinery projects. Directly comparable as a Vietnam-headquartered SOE subsidiary providing industrial EPC, fabrication, and installation services to government/state-owned customers.
• Truong Son Construction Corporation: Vietnamese state-owned general contractor specializing in industrial, hydropower, and infrastructure construction. Already a consortium partner with LILAMA 10 on hydropower and irrigation projects, making it both a peer and collaborator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lilama-10-joint-stock-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LILAMA 10 JOINT STOCK COMPANY